USA Mega

West Virginia Powerball Jackpot Annuity Payout Schedule for May 4, 2019

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $199,500,000 for a ticket purchased in West Virginia, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

West Virginia

Drawing Date:Sat, May 4, 2019
Jackpot:$199,500,000
Federal Tax:37% marginal rate
State Tax: 4.82%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,002,761$1,066,979$144,733$1,791,049
2$3,152,899$1,122,530$151,970$1,878,400
3$3,310,544$1,180,859$159,568$1,970,117
4$3,476,072$1,242,104$167,547$2,066,421
5$3,649,875$1,306,411$175,924$2,167,540
6$3,832,369$1,373,934$184,720$2,273,715
7$4,023,987$1,444,833$193,956$2,385,199
8$4,225,187$1,519,276$203,654$2,502,256
9$4,436,446$1,597,442$213,837$2,625,167
10$4,658,268$1,679,517$224,529$2,754,223
11$4,891,182$1,765,695$235,755$2,889,732
12$5,135,741$1,856,181$247,543$3,032,017
13$5,392,528$1,951,193$259,920$3,181,415
14$5,662,154$2,050,954$272,916$3,338,284
15$5,945,262$2,155,704$286,562$3,502,996
16$6,242,525$2,265,692$300,890$3,675,944
17$6,554,651$2,381,178$315,934$3,857,539
18$6,882,384$2,502,439$331,731$4,048,214
19$7,226,503$2,629,763$348,317$4,248,422
20$7,587,828$2,763,454$365,733$4,458,641
21$7,967,220$2,903,829$384,020$4,679,371
22$8,365,581$3,051,222$403,221$4,911,138
23$8,783,860$3,205,985$423,382$5,154,492
24$9,223,053$3,368,487$444,551$5,410,015
25$9,684,205$3,539,113$466,779$5,678,313
26$10,168,416$3,718,271$490,118$5,960,027
27$10,676,836$3,906,387$514,624$6,255,826
28$11,210,678$4,103,908$540,355$6,566,415
29$11,771,212$4,311,306$567,372$6,892,534
30$12,359,773$4,529,073$595,741$7,234,959
Total$199,500,000$72,493,719$9,615,902$117,390,381

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.